KR » Topics » SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES FOR THE KROGER CO. AND CONSOLIDATED SUBSIDIARY COMPANIES FOR THE FIVE FISCAL YEARS ENDED FEBRUARY 3, 2007

This excerpt taken from the KR 10-K filed Apr 4, 2007.

SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES FOR THE KROGER CO. AND
CONSOLIDATED SUBSIDIARY COMPANIES FOR THE FIVE FISCAL YEARS ENDED FEBRUARY 3, 2007

  February 3, January 28, January 29, January 31, February 1,
  2007 2006 2005 2004 2003
      (53 weeks)     (52 weeks)     (52 weeks)     (52 weeks)     (52 weeks)
Earnings: 
Earnings before tax expense(1)    $ 1,748     $ 1,525     $ 286     $ 739     $ 1,950
Fixed charges(1)  870 895 950 983 1,000
Capitalized interest    (13 )   (7 )   (5 )   (5 )   (5 )
 
  $ 2,605   $ 2,413   $ 1,231   $ 1,717   $ 2,945  
 
Fixed charges: 
Interest(1)  $ 501 $ 518 $ 562 $ 609 $ 624
Portion of rental Payments deemed to be interest    370     377     388     374     376  
 
  $ 871   $ 895   $ 950   $ 983   $ 1,000  
 
Ratio of earnings to fixed charges(1)    3.0     2.7     1.3     1.7     2.9  

(1)       Amounts have been adjusted for the Company’s adoption of SFAS No. 145 on February 2, 2003. Adoption of this Statement required the Company to reclassify the debt extinguishments recorded as extraordinary items in prior periods as interest expense in those periods. These debt extinguishments totaled $19 million in the fiscal year ended February 1, 2003.


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